The Nikkei went back and forth during the course of the week, initially going to the ¥16,500 level. We turn right back around to form a shooting star of
The Nikkei went back and forth during the course of the week, initially going to the ¥16,500 level. We turn right back around to form a shooting star of sorts though, as we continue to sit on the ¥15,000 level. That’s an area that offers quite a bit of support, so if we can break down below there, I feel that the market will probably drop to the ¥14,000 level, and then possibly the ¥12,500 level. On the other hand, if we could break above the ¥16,500 level, the market could go much higher at that point in time.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
